14 Jun '17, 3am

New public building tenders to place greater emphasis on quality over price

National Development Minister Lawrence Wong on Tuesday (13 June) unveiled plans to pilot a new type of public tender which place greater emphasis on quality over price, reported The Straits Times. This comes as the property downturn has seen firms bidding at excessively low rates just to win a project. “Unhealthy price competition can lead to negative consequences for the whole industry… Consultants and contractors who bid very low to get the contract end up having to cut cost, and worse still, cut corners,” said Wong at the annual Building and Construction Authority (BCA) awards ceremony. To prevent fee-diving among firms, the government will eventually increase the 30 percent weightage currently given to the quality of the consultant or contractor during tender evaluation, he said, without providing a timeline. Aside from this, agencies will be stricter in penalising fir...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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